2024/12/08
Daily 4XSetUps - An Exhausted Week Behind Us In The YM1!
“while nasdaq & sp500 at all-time highs, dow with a heavy week!
is the sale coming now? or maybe a christmas shopping spree?”
The US stock markets matched their recent record price on Friday and went into the weekend mostly firmer. Only the standard stocks on WallStreet were mostly soft. Technology stocks led the gainers. According to traders, current US labor market data spurred bets on an interest rate cut by the US Federal Reserve in December 2024. The
DJI therefore closed slightly lower today at -0.28% at 44,642.52 points. On a weekly basis, the leading index is -0.6%. While the market-wide 
SP500 reached a new all-time high on Friday and entered the weekend with +0.25% higher at 6,090.27 points. And/Or the 
NDX also set a record and ultimately rose by +0.92% to 21,622.25 points. This resulted in a weekly gain of around +3.3% for the technology-heavy selection index.
The US economy created slightly more jobs than expected in November. However, the US unemployment rate also rose, while analysts on average had forecast stagnation. And wages also increased more than expected. For me, the labor market report is essentially in line with expectations.
The somewhat accelerated wage growth could encourage the Fed to cut interest rates even faster than I originally thought. So already in this month of December 2024. If the labor market remains at this level, investors will soon have to adjust to a slower pace of interest rate cuts, as I formulated in the summer of 2024. namely with the expectation that the FED will only lower interest rates in 2025, if at all, after the US economy appears to grow out of the self-organized US stagflation of the Biden & Harris government. I assumed that baby interest rates would be cut in 2025 in order to protect the US economy from a US recession and at the same time not to stifle US growth without causing the US unemployment rate to skyrocket. What also seems to be successful is Powel and his decision-makers, who have already gotten ahead of it with interest rate cuts - for the reasons just formulated, if my monetary policy analysis as far as the US economy and Wall Street's price action are concerned is correct. And that was and still is the reason why I have this long YMc! 4XSetUp formulated the way I formulated it.
45171 : 2024/11/29 - All Time High
44706 : 2024/12/06 - last price action
43965 : 2024/11/06 - High On Trump's Election Day
43581 : 2024/10/18 - Oktober High 2024
42416 : 2024/11/06 - Low On Trump's Election Day
43005 : 2024/09/27 - September High 2024
41873 : 2024/10/31 - Oktober Low 2024
41791 : 2024/11/04 - November Low 2024
These seem still to be the most important price action zones, more or less, above 40000 points. And where, sooner or later, accelerated price action can occur, because bulls and bears have more or less played off each other here so far. Since August 2024 we have had a strong upward trend inYM1! with more than +10%, so that a fall back into these price action zones is definitely possible? But it doesn't have to be! Because we will have Trump in the office again from January 2025. What impact will it have? I don't know! But we know at what price action the YM1! traded and/or invested on the day of his re-election on November 6, 2024. And basing on this I wrote this new long YM1! 4XSetUp. And on the economic policy background that the USA does not fall back into recession. No - rather that the USA is growing out of the politically self-organized and desired green US stagflation (higher US Inflation as US GDP Annual Growth Rate) under the guise of a liberal democracy, from the previous Biden and Harris Administration. That's why let this our long YM1! 4XSetUp run, but don't become too euphoric - stay euphoric, and/or much more disciplined (operate always only with entry price, stop price and/or only a percentage of the value of your total deposit). The technical picture already looked better. And this week, US inflation data will point the way to whether or not the Fed will cut interest rates.
-----------------------------------------------
50000 : 2025/06/30 - Target Price
-----------------------------------------------
45055 : 2024/11/29 - Entry Price
44706 : 2024/12/06 - last price action
-----------------------------------------------
42400 : 2024/11/29 - Stop Price
-----------------------------------------------
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
Daily 4XSetUps - An Exhausted Week Behind Us In The YM1!
“while nasdaq & sp500 at all-time highs, dow with a heavy week!
is the sale coming now? or maybe a christmas shopping spree?”
The US stock markets matched their recent record price on Friday and went into the weekend mostly firmer. Only the standard stocks on WallStreet were mostly soft. Technology stocks led the gainers. According to traders, current US labor market data spurred bets on an interest rate cut by the US Federal Reserve in December 2024. The
DJI therefore closed slightly lower today at -0.28% at 44,642.52 points. On a weekly basis, the leading index is -0.6%. While the market-wide SP500 reached a new all-time high on Friday and entered the weekend with +0.25% higher at 6,090.27 points. And/Or the NDX also set a record and ultimately rose by +0.92% to 21,622.25 points. This resulted in a weekly gain of around +3.3% for the technology-heavy selection index.The US economy created slightly more jobs than expected in November. However, the US unemployment rate also rose, while analysts on average had forecast stagnation. And wages also increased more than expected. For me, the labor market report is essentially in line with expectations.
The somewhat accelerated wage growth could encourage the Fed to cut interest rates even faster than I originally thought. So already in this month of December 2024. If the labor market remains at this level, investors will soon have to adjust to a slower pace of interest rate cuts, as I formulated in the summer of 2024. namely with the expectation that the FED will only lower interest rates in 2025, if at all, after the US economy appears to grow out of the self-organized US stagflation of the Biden & Harris government. I assumed that baby interest rates would be cut in 2025 in order to protect the US economy from a US recession and at the same time not to stifle US growth without causing the US unemployment rate to skyrocket. What also seems to be successful is Powel and his decision-makers, who have already gotten ahead of it with interest rate cuts - for the reasons just formulated, if my monetary policy analysis as far as the US economy and Wall Street's price action are concerned is correct. And that was and still is the reason why I have this long YMc! 4XSetUp formulated the way I formulated it.
“Meditate. I practice Transcendental Meditation and believe that it has enhanced my open-mindedness, higher-level perspective, equanimity, and creativity. It helps slow things down so that I can act calmly even in the face of chaos, just like a ninja in a street fight. I’m not saying that you have to meditate in order to develop this perspective; I’m just passing along that it has helped me and many other people and I recommend that you seriously consider exploring it.”
Ray Dalio
45171 : 2024/11/29 - All Time High
44706 : 2024/12/06 - last price action
43965 : 2024/11/06 - High On Trump's Election Day
43581 : 2024/10/18 - Oktober High 2024
42416 : 2024/11/06 - Low On Trump's Election Day
43005 : 2024/09/27 - September High 2024
41873 : 2024/10/31 - Oktober Low 2024
41791 : 2024/11/04 - November Low 2024
These seem still to be the most important price action zones, more or less, above 40000 points. And where, sooner or later, accelerated price action can occur, because bulls and bears have more or less played off each other here so far. Since August 2024 we have had a strong upward trend in
YM1! with more than +10%, so that a fall back into these price action zones is definitely possible? But it doesn't have to be! Because we will have Trump in the office again from January 2025. What impact will it have? I don't know! But we know at what price action the YM1! traded and/or invested on the day of his re-election on November 6, 2024. And basing on this I wrote this new long YM1! 4XSetUp. And on the economic policy background that the USA does not fall back into recession. No - rather that the USA is growing out of the politically self-organized and desired green US stagflation (higher US Inflation as US GDP Annual Growth Rate) under the guise of a liberal democracy, from the previous Biden and Harris Administration. That's why let this our long YM1! 4XSetUp run, but don't become too euphoric - stay euphoric, and/or much more disciplined (operate always only with entry price, stop price and/or only a percentage of the value of your total deposit). The technical picture already looked better. And this week, US inflation data will point the way to whether or not the Fed will cut interest rates.-----------------------------------------------
50000 : 2025/06/30 - Target Price
-----------------------------------------------
45055 : 2024/11/29 - Entry Price
44706 : 2024/12/06 - last price action
-----------------------------------------------
42400 : 2024/11/29 - Stop Price
-----------------------------------------------
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.